DAX always offers some nice zones around numbers. See the marked zones.
At the moment with all the fear about Brexit and more and more countrys leaving the EU its a mindgame
for all people investing. Very fragile structure at the moment.
Brexit gave a huge down gap which was bought immediately.
Were making lower Highs... and lower Lows.
i didn post too many Trades Ideas lately.
Check the Chart for more details.
- GU had some nice Short Trades in the past, all of them were taken according to a Daily Doji at Trendline Or Price Spikes at News Realeses at the Trendlines ( Remember we want to trade Extreme Prices )
- 55 MA Cloud (3 MA ) is still moving inside the 255 MA Cloud = Neutral
Long time no seen ;)
We Got a Near Trend with Lower Lows(LL) and Lower Highs (LH)
+ 61,8 Fib Retracement
+ 55 MA Cloud of 4H Timeframe and 233 MA of 1H Timeframe
+ Structure looking left (red Boxes)
Nice risk to reward possible, depening of your size.
1-2% Risk of Capital is what i use.
Remember this is just my opinion, trade safe and think for...